ED: Entering a new world of digital banking

The Covid-19 pandemic is showing little signs of letting up, as lives continue to be lost in record numbers daily in Bangladesh. Yet, despite the immeasurable difficulties, there have been some changes that have been for the better, and one such change is the steady rise in digital banking services.

The numbers tell the story: Internet banking transactions rose 34.58% year on year to Tk8,477.3 crore, users of internet banking also rose 29.83%, debit card transactions rose 22.24%, and credit card transactions rose 23.89% in the last one year up to February, as per recent Bangladesh Bank data.